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View Policies - 5 Current Attempt in Progress Patricia is a contractor, and she owns a small home renovation company that specializes in kitchen renovations.
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Patricia is a contractor, and she owns a small home renovation company that specializes in kitchen renovations. Patricia fears she has been underbidding her projects, and that translates into lost profits that could help sustain her through slow periods. She is putting together an estimate for a potential client and has determined the following activities:
tableActivityCost Driver,Rate,Estimated Use for JobDemo of Existing Space,Square Footage,$square foot, square feetCabinet Installation,# of Hours,$hour hoursCountertop Installation,Square Footage,$square foot, square feet
Previously, Patricia was billing at a flat rate of $ per square foot of the demo space with no additional markup. Patricia would like to add a markup to the cost to arrive at the final bid price. Using ActivityBased Costing ABC what is the final bid price for her potential customer? Round intermediate calculations and final answer to decimal places, eg
Final bid price
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